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Looks like most are buying based on the news out today. If this news amounts to anything, most are hoping the 0.0001 lotto plays will triple or more in some fast action.
GLTA
VERT has 5000 (which is probably a hidden # of shares)
HDSN has 5000 (which is probably a hidden # of shares)
VNDM has 1M
All at 0.0001. Looks a long time before these 0.0001's will be broken even with 82M ($8200) in volume.
GLTA
USO is above $33. Must have been some good inventory numbers out this AM.
How do you get the text alerts?
USO is looking real good to maybe break $33. Will watch this on Thurs/Fri.
GLTA
Thx TSRAYS,
Best not to fight those who know more than myself. Will continue to follow the story on paper.
Any thoughts on LULU, I would like to go long calls, but they have no real catalyst coming until earnings in Sept.
THX.
Anyone think USO will hit 31.50-32.00 this week?
GLTA
I would say the lotto play is money that has been counted as 'zero', but will not sell to move on. So I just let it sit and maybe one day the company would possibly do the right thing by investors and sell the spectrum, give the preferreds their full cut, and then provide 0.25 on the dollar to commons.
Since I know that lotto ticket has expired, I just sit back and track the bk filing and wait for the day my .001 percentage of hope has been shut off.
I have followed the bk and realize this management wants to take the money for the shareholders and put in their own pockets and with the US BK court on their side, they will do this and get away with it. I would just like to see the last gavel smack that will verify this.
GLTA
Hardasset,
I really don't care dead or not, i am holding dead money with the lotto possibility. the legal proceedings are what I have an issue with. Stop the legal posturing and get the company moving on and out of the courts.
The judge needs to just say so and not let this stretch out to Sept and 2013 possibly.
You know what this bk proceeding is very tiresome. They continue to string along all shareholders (preferred and common)
Really what are the executives doing daily if there is no business to actually run!! Maybe they should have a plan ready to present to the courts or the courts should let other plans come in place.
There is no way a personal bk would take 2-3 years to settle, figure out what needs to be done and move forward! Even if that means screwing shareholders (which is another post)
GLTA!!!
Imapuppy,
I might have to print that reply on a small business card and put in my wallet for future reference!!!
I did try my luck today with the NKE 90 Calls @ 0.36 and sold at 0.56.
Thanks again for the reply!
Imapuppy,
I do have a question on the weekly options. Is it best to try and day trade with them?
Also on Thursday when you have the new set of weekly options and the set ready to expire, do you just play the expiring options and wait for the Fri/Mon to play the next week's options?
Is there a time to hold weekly options overnight?
TIA
New to the board.
Trying to learn how to trade the weekly options.
GLTA!
Did anyone else notice the 29M dump of stock on L2?
Reading the document, please tell me if I am wrong/right:
After this "Corporation Location" switch, the company could have 240,000 outstanding shares
They will not change the number of Authorized shares from 100,000,000,000?
If this is the case, I do not see anyone making money in this stock at all. All old investors are screwed as soon as this is implemented and all new investors will soon be back in this same position of 5,000,000,000 shares outstanding with a price of 0.0005.
This has to be illegal and FINRA/SEC has to stop this. Just make the company go bankrupt and sell any technology for whatever is available. It is obvious the existing CEO/Board do not know what they are doing!
All,
Please tell me what is expected of this company? The L2 is very ugly 718M x 0.0001 ($71,800) and 218M x 0.0002 ($43,600)? The stock does not have the volume (today $0.58) What grand news/financials do we expect that will move this in a positive direction.
Taking clues from the CEO's actions:
- Late Financials
- No real PR's (only blog post)
- No update on name change/symbol change
- No signed contracts.
looks like this will get to No Bid before it runs at all.
GLTA
bigballintstrq,
did I miss the fun? 9 trades with no upward movement in the share price just does not seem fun.
GLTA
How many shares are out, if 3 insiders bought 2B on one day?
GLTA
There have been some large buys @0.0015 today!
In the last few minutes there was a buy for 1.399M and 1.95M shares. I hope this is a great sign that folks are buying before the run.
GLTA!!
I like that idea financial windfall.
Looks like those 19M on the ask from ETMM will be along for the R/S ride. That news did nothing to start a buying frenzy!
That is cool. I am just wondering what is expected to move this since no filings have been posted or any real revenue guestimates are known!
I am not trying to be negative or positive, but what is the expected news that will move 223 M shares @ 0.0002 from the ask?
If my math is correct, that is ~$50,000. This stock barely does $2000 in a day.
GLTA
That is a great question!
This stock has not moved forward since the RM.
Now you have 1B shares on the BID @ 0.0001 and 215M on the ASK @ 0.0002.
Those numbers are not in any recipe for success!
GLTA
Smilin_B,
I love your post and you seem to have most of this figured out. I do have one question, have you bought this stock at 0.0001 and if so, do you think you will be able to flip out? Or is it just that possible lottery play?
GLTA
There are ~4M @ 0.0002 and ~250M @ 0.0003 on the ASK. I hope some of the one-tick folks move their ASK price up so this can breath a little.
Thanks dadx4!!
With this news I decided to double my position and will buy more at this low price.
I love the $1 salary! Says a whole lot to the investor and towards his beliefs in the company!!!
There has been a whole lot of volume the last couple days.
Hope this means something good and not the company dumping shares.
GLTA.
stju1979,
That is weird, because I am using eTrade Pro and it is showing no bid on the L2
No BID
ASK: 0.0001 x 5000
0.0002 x 13 Million
Watching on the L2 and it looks thin.
NITE is not showing their true order size on the ASK. Knowing that might help the overall stock run.
GLTA
I do not see how anyone could be excited about the company at all.
I was not shocked by the R/S, but to raise the AS in the same announcement? That is very underhanded!
Unless you bought at 0.0001, this needs to be above 0.05 to break even or get any money out of this stock.
Northernguy32,
You and I feel the same exact way. I was I could add to my total and lower my cost per share.
Bid 0.0002 x 4.6M
Ask 0.0003 x 251M
WOW!!!!!
They put the scam in writing:
Dear EVCARCO, Inc. Stockholders:
This Information Statement is furnished to provide notice to stockholders of EVCARCO, Inc., a Nevada corporation (the “Company”), in connection with approval by our Board of Directors (the “Board”) and a majority of our stockholders to take the following actions:
1. The Articles of Incorporation have been amended to reflect a 1 for 500 share reverse split of both our authorized and outstanding Common Stock. The effect of the reverse stock split will be to decrease our authorized Common Stock from 5,000,000,000 shares to 10,000,000 shares, and will decrease our outstanding Common Stock from 4,710,130,261 to 9,420,300 shares.
2. The Articles of Incorporation have been further amended to thereafter increase the authorized number of shares of our Common Stock from 10,000,000 shares to 900,000,000 shares.[color=red][/color]
3. The Articles of Incorporation have been further amended to decrease the authorized number of shares of Class B Convertible Preferred Stock from 980,000,000 to 75,000,000 shares.
Thanks for the post.
Glad to see the thorough evaluation in that post.
GLTA
Are you expecting that the outstanding share count has increased?
What does that say about the Authorized Share Count?
njg0586,
I have to disagree with you that there was no dilution on 5/30. The stock traded 32M shares in a single day. The Outstanding Share Count is 34M. How can you say no dilution occurred and the share price went from .0016 to .0017?
If you trade almost 100% of your outstanding shares and do not move at all? Dilution at its finest.
GLTA
Take it how you like.
The CEO increased the share count to 2B Authorized shares.
If you read the document, he and the BD own 1B shares of the company through Commons and Preferred.
There are really 1B (maxed out) available for free trade and you cannot name many penny stocks that are less than 1B shares in the float.
GLTA.